Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 149 results for "LICs"

VGI chief executive resigns amid takeover

KARREN VERGARA  |  MONDAY, 31 JAN 2022
... a seat on the board. Founded in 2008, VGI invests on behalf of high-net-worth individuals and family offices. It has two LICs listed on the ASX: VGI Partners Global Investments (VG1) and VGI Partners Asian Investments (VG8). Subject to shareholder approval ...

WAM ups PAF takeover bid

KARREN VERGARA  |  WEDNESDAY, 12 JAN 2022
... December 2021 when it failed to receive the majority 75% of votes. Only 71% of shareholders cast in favour of merging the two LICs. WAM said it "looks forward to working with all PAF shareholders to facilitate acceptance of the WAM offer and welcoming ...

WAM to acquire two LICs

KARREN VERGARA  |  THURSDAY, 23 DEC 2021
WAM Capital will acquire two other listed investment companies in a bid to take its market capitalisation to $2.3 billion. Westoz Investment Company (ASX: WIC) and Ozgrowth (ASX: OZG) have entered into an agreement with WAM to merge under separate transactions. ...

PIMCO revives local LIT plans

JAMIE WILLIAMSON  |  TUESDAY, 14 DEC 2021
... 2020 it confirmed the launch would be delayed while Treasury conducted its public consultation on stamping fees for LITs and LICs. Reviving the trust, PIMCO said it will look to leverage its global experience to offer investors multi-sector public and ...

Takeovers Panel weighs in on WAM takeover

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
... disclosed in PGF's prospectus. Moore then acquired additional PAF shares, taking his voting power to 13.09%. The two LICs, together with Moore's voting power grew from 27.48% to 33.05%. The Takeovers Panel found "unusually extensive overlap in ...

High-net-worth investors richer, optimistic

ANNABELLE DICKSON  |  MONDAY, 22 NOV 2021
... investors are a very optimistic group." HNW investors channelled their money into ETFs and cryptocurrencies. However, ETFs, LICs and REITs remain the top three asset classes. Around 13% of respondents said they were happy to use investment advisers while ...

LICs, LITs move away from Aussie equities

ANNABELLE DICKSON  |  THURSDAY, 18 NOV 2021
Listed investment companies (LICs) and listed investment trusts (LITs) have moved away from Australian equities and are experiencing growth in property, credit and global equities. New research from Listed Investment Companies and Trusts Association ...

New private opportunities fund launches

ELIZABETH MCARTHUR  |  TUESDAY, 5 OCT 2021
... fund. NAOS has funds under management of approximately $400 million and currently manages three listed investment companies (LICs) - a micro-cap LIC (ASX: NCC), small cap LIC (ASX: NSC) and mid cap LIC (ASX: NAC).

Platinum LICs combine boards

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
Platinum Asset Management's Asian equities and global equities LIC will now have a common board, as its Asia LIC's chair Malcolm Halstead retires. Platinum Capital Limited (ASX: PMC) and Platinum Asia Investments Limited (ASX: PAI) will both ...

Walsh Capital signs four fund managers

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... four managers have come on board for three years each. Walsh set up her firm in July, after leaving the Future Generation LICs in April. She spent six years as the chief executive of both Future Generation Investment Company (FGX) and Future Generation ...